Which of the Following Is Not a Primary Goal of Inventory

question 203

Multiple Choice

Which of the following is not a primary goal of inventory management?

• A)Obtaining the lowest cost of inventory.
• B)Ensuring sufficient quantities of inventory are available to meet customers' needs.
• C)Ensuring inventory quality meets customers' expectations and company standards.
• D)Minimizing the costs of acquiring and carrying inventory.

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Definitions:

Buyer to Take Possession

The obligation of a buyer to take control or ownership of purchased goods or property.

Used Car Problems

Issues or defects associated with purchasing a pre-owned vehicle, often concerning its condition, history, and reliability.

Voidable Title

A legal concept where a title to property or goods can be declared void at the discretion of a court, often due to issues like fraud.

UCC

Short for Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, aimed at harmonizing laws across states.